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Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February

October 25, 2021
Source: newsvire.com newsvire.com
News Snapshot:
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes McDonald’s, Visa, Nike to Accept CBDC The People’s Republic of China is preparing for its full roll-out of the CBDC in February 2022, during the introduction of the Beijing Winter Olympics. According to the Financial Times’ (FT) unnamed sources, the Chinese government wants McDonald’s to...
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Tags: bank | Bank of Communications | Beijing | CCB | chairman | China | China Construction Bank | Chinese | communications | construction | crypto | currency | digital | E-CNY | finance | financial | fintech | insurance | investment | Olympics | Renminbi | retail | Shanghai | sports | Yuan

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